Machi, known as @machibigbrother, has closed most of his long positions in Ethereum and Bitcoin amid a declining market, resulting in nearly $32 million in losses. According to Onchain Lens, Machi's positions were highly leveraged, with Ethereum at 25x and Bitcoin at 40x, leading to some liquidations. Despite these setbacks, Machi retains positions valued at approximately $10 million.
Machi Closes Major ETH and BTC Long Positions, Faces $32M Loss
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